Tesla to slash thousands of jobs in profitability drive

As such, Musk states that the layoff won't impact the company's Model 3 production goals.

Electric vehicle maker Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan.

The email from Musk said.

Musk said that the layoffs do not affect production staff and stressed that this wouldn't hurt the company's efforts to hit big targets for production of the Model 3 sedan.

In an email that he released on Twitter, Musk that the job cuts were part of a "comprehensive organizational restructuring" driven by "the need to reduce costs and become profitable".

"Given that Tesla has never made an annual profit in nearly 15 years...profit is obviously not what motivates us", Musk said in the letter. Year-to-date, Tesla's headcount is up roughly 15%. Tesla now employs approximately 46,000 workers, with roughly 8,000 positions added since the start of the year, according to CNBC.

Musk says Tesla is making the move now so it never has to do it again.

"I would like to thank everyone who is departing Tesla for their hard work over the years". The firm raised its expectations based on conversations with sales centers, finding that Model 3 volumes are showing "meaningful ramp".

Related Articles

The South Korean military seemed similarly surprised. "We pay for the majority of them", the president said . Foreign Ministry spokesman Bahram Ghasemi said that North Korea should approach the summit with "awareness".

The $109.99 Gold Steelbook Edition for the PlayStation 4 and Xbox One has a Steelbook, season pass and Secrets of Greece mission. And with a game that is said to emphasize choice, we can see why the option to romance different NPCs was included.

Under Ohio's procedure, elections officials send a notification to any voter who fails to vote in a two-year period. Ohio's process, he claims, "does not strike any registrant exclusively by reason of the failure to vote ".

Kim smiled as he took a selfie with Singapore's Foreign Minister Vivian Balakrishnan at the scenic waterfront Gardens by the Bay . Security Council sanctions and threatened with military action by the Trump administration - will top the agenda.

They must grapple with how to protect the state's insurance market amid a continued assault against the federal health law. The states say that without the individual mandate, the whole ACA should be struck down as unconstitutional.

Moreover, it has a new dedicated "Speed key" that lets you launch apps by pressing it and the letter assigned to the app. This is very different from every other Android phone out there for the simple reason that it has a physical keyboard.

An Al Shabab spokesman told Reuters it had carried out the attack in the coastal town of Kismayo, and claimed a higher death toll. The Defense Department says a 26-year-old soldier from Arizona has died from wounds suffered in Somalia.

It's not clear exactly what Manafort knows, but he does appear to be a linchpin between Trump's campaign and Russian Federation . Hsu is an investigative reporter, two-time Pulitzer finalist and national Emmy Award nominee.

Although Queen Elizabeth already turned 92 on April 21, the royals understandably prefer to party and socialize in warmer weather. The event was attended by other senior royals including the Queen , Prince Charles and the Duke and Duchess of Cambridge .

Shortly after their highly publicized meeting, Trump granted clemency to Johnson, who was released from prison earlier this week. Kardashian West visited the White House last week to discuss prison reform and to brief the administration on the Johnson case.

Mr Nyantakyi has not replied to multiple requests for comment while the GFA has said it would cooperate with any investigation. However, parts of its rules is that governments should not interfere in football administration.

Prince George and Princess Charlotte Play at Polo Event
Savannah , George and Charlotte are clearly firm friends, so we'll expect to see more cute cousin moments from them in the future. The tournament was Prince William's first sporting appearance since the couple welcomed Prince Louis earlier this year.

Battlefield 5 is getting Battle Royale
Tomorrow at Xbox's press conference we'll get a first look at the game's War Stories, returning from Battlefield 1 . The battle royale format mode will be called "Royale", although no further details were revealed during conference.

Whittaker Makes the Mark; Romero Does Not
Punk last fought back in September 2016, losing via submission to Mickey Gall at 2:14 in the first round at UFC 203. The Cuban has tipped the scales before, last time in February for a fight in Perth.

Stephens, Keys to reprise US Open final in French Open semis
Its just how its happened for me,  Stephens said, I think once I get going in a tournament, Im pretty consistent, which is good. Keys never wavered when she fell behind in the opening set, or when her volatile opponent could have become a distraction.